Innovation Shares NextGen Protocol ETF Forecast

$33.21
+0.265 (+0.80%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KOIN
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Innovation Shares NextGen Protocol ETF upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 2.04% PDF

The Innovation Shares NextGen Protocol ETF price gained 0.80% on the last trading day (Thursday, 28th Mar 2024), rising from $32.94 to $33.21. During the last trading day the ETF fluctuated 0.166% from a day low at $33.15 to a day high of $33.21. The price has been going up and down for this period, and there has been a 1.27% gain for the last 2 weeks. Volume fell on the last day by -116 shares and in total, 463 shares were bought and sold for approximately $15.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $33.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 8.89% during the next 3 months and, with a 90% probability hold a price between $32.97 and $36.87 at the end of this 3-month period.

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KOIN Signals & Forecast

The Innovation Shares NextGen Protocol ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $32.98 and $31.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.02%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Innovation Shares NextGen Protocol ETF

Innovation Shares NextGen Protocol finds support from accumulated volume at $31.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0550 between high and low, or 0.166%. For the last week the ETF has had daily average volatility of 0.303%

Our recommended stop-loss: $32.16 (-3.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (KOIN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Innovation Shares NextGen Protocol ETF to open at $33.19, and during the day (based on 14 day Average True Range), to move between $32.94 and $33.47, which gives a possible trading interval of +/-$0.263 (+/-0.79%) up or down from last closing price. If Innovation Shares NextGen Protocol ETF takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $31.61, some $1.60 (4.80%) from the current price of $33.21, our system finds the risk reward attractive.

Is Innovation Shares NextGen Protocol ETF ETF A Buy?

Innovation Shares NextGen Protocol holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.408 Strong Buy Candidate Upgraded

Predicted Opening Price for Innovation Shares NextGen Protocol ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$33.19 ( 0.0552%) $33.21

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KOIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.24 0.110 %
R2 33.22 0.0472 %
R1 33.21 0.0081 %
Current price: 33.21
Support S1 33.17 -0.118 %
S2 33.15 -0.158 %
S3 33.13 -0.221 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 33.21
Support S1 31.61 -4.80%
S2 30.94 -6.82%
S3 30.29 -8.78%

KOIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 26, 2023 Dec 29, 2023 $0.708 2.28%
2 Dec 23, 2022 Dec 27, 2022 Dec 30, 2022 $5.72 21.13%
3 Dec 27, 2021 Dec 28, 2021 Dec 31, 2021 $0.92 2.14%
4 Dec 24, 2020 Dec 28, 2020 Dec 31, 2020 $0.153 0.408%
5 Dec 23, 2019 Dec 24, 2019 Dec 31, 2019 $0.466 1.64%

FAQ

What is the symbol for Innovation Shares NextGen Protocol ETF ETF and on which exchange is it traded?
The symbol for Innovation Shares NextGen Protocol ETF is KOIN and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Innovation Shares NextGen Protocol ETF ETF?
Innovation Shares NextGen Protocol holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Innovation Shares NextGen Protocol ETF ETF?
Innovation Shares NextGen Protocol ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Innovation Shares NextGen Protocol ETF ETF.

What's the current price of Innovation Shares NextGen Protocol ETF ETF?
As of the end of day on the 2024-03-28, the price of an Innovation Shares NextGen Protocol ETF (KOIN) share was $33.21.

What is the 52-week high and low for Innovation Shares NextGen Protocol ETF ETF?
The 52-week high for Innovation Shares NextGen Protocol ETF ETF is $33.21 and the 52-week low is $27.40.

What is the market capitalization of Innovation Shares NextGen Protocol ETF ETF?
As of the 2024-03-28, the market capitalization of Innovation Shares NextGen Protocol ETF is 13.62M.
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About Innovation Shares NextGen Protocol ETF

The fund will normally invest at least 80% of its net assets in securities of the index. The index was designed by the index provider to measure the performance of a diversified group of publicly-listed companies considered to be Fintech Leaders.... KOIN Profile

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